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over cutting medicare as republicans are over tax increases? with us, two voices calling for compromise. republican senator bob corker of tennessee and democratic senator claire mccaskill of missouri. >>> finally, our special economic roundtable. as both sides battle over the nation's fiscal health, what can we expect from the economy in a second obama term? what is the vision for an economic rebound? >>> from nbc news in washington, the world's longest-running television program, this is "meet the press" with david gregory. >>> and good sunday morning. amidst a lot of partisan rhetoric on both sides, talks on the fiscal cliff are now at a stand still, and the president is back on the campaign trail of sorts. this time to try to win in a court of public opinion for his plan to avert an automatic tax hike for everyone on january 1. that's where we'll start this morning with the point man on the negotiations for all of this. the secretary of treasury, tim geithner. and our roundtable is also here. standing by for reaction, including the man behind the republican pledge not to raise taxes
for previously and i hope they're not going to continue to ask for is essentially the dismantling of medicare. we debated it during the presidential with paul ryan's proposal to put -- turn medicare into a voucher system. so when it comes to looking for savings in medicare, there's ways to find savings without breaking the guarantee that we've had to our seniors for the last several decades. i think democrats, again, have demonstrated repeatedly that we're willing to compromise, but the republicans have to come to the table, especially around revenue. so the question frankly needs to be proposed to the person running the republican caucus, and that's grover norquist, who is not a member of this house, to say that the pledge that people should honor is the pledge to the u.s. constitution and not the pledge to grover norquist. >> speaker boehner was on fox news on sunday, and he says as he described negotiations, we're nowhere, period. we are nowhere. 29 days to go. we have some analysts such as our first read team that say the real negotiations won't begin until mid-november. already you have wall
taxes on the wealthy, medicare and everything else, you are at a were higher rate? >>guest: of course, this is higher. yes. and you are talking about much higher spending. remember, that government spending is taxation. these guys don't create resources. they redistribute the resources. what they have done here with this, they have had a huge increase in taxes which is why we have the very bad who we have today. it is, unfortunately, we are never going to bring the economy back unless we get control of the spending and get toward the low rate flat tax. can you not do it. >>neil: i don't think either side has offered enough on spending. i think it is baked into the cake it is the result of election and elections have consequences. but on the wealthy i think the rates go up but with the latest proposal, why see enough to adhere to what was the debt commission in cuts, is too little too late, but, too little, more to the point. >>guest: it is too little. what really has to happen here, you are not going to get a good answer in the next two years. you have the groups going at it and they
? they attack him. for the entire campaign all we heard about was how obama wanted to cut medicare. so which is it? i it he cut too much or he doesn't cut anything? and where is there offer? if they say they are the party of cutting spending stop talking about the democrats, make an offer. >> mitch mcconnell is out there every single day saying these are the entitlement changes that i think make sense and would get us to a deal. raising the retirement age, dealing with change the inflation formula so the programs aren't spending so much out over time. if president obama is interested in reforming entitlements which he says he is but he never specifies what it would be. all he has to do is call up mitch mcconnell and say i think these are good ideas, let's sit down and they would happen. republicans would take those immediately. >> that's how you think republicans should lead, they should wait for a call from the president? not go on tv but make an actual offer? >> specific changes on entitlements. if the president is in favor of changing entitlements, all he has to do is say i agree these ar
programs would be cut by $400 billion, most coming for medicare and, quote, end of war savings peter barnes and others reported many times as being dubious because they counted the previous budget you have another trillion plus in cuts. that according to politico is the deal, steve murphy is a former campaign manager for dick gephardt and in d.c. today. from the democratic of view anything i just say or just said sound unreasonable? >> i don't think it sounds reasonable except i don't think it is enough. i don't think either party is being realistic about the enormity of the debt and deficit issue. what you just described is a very easy deal. it is sitting on the table, most of it is automatic. of the deal isn't reached in any case which is going to prompt something getting worked out but we need to cut about more than that. we are spending 23% of our gdpp federal government is, in one fashion or another and taking in 18% and that is not going to change all that much with the outlines of this deal. the democrats are not realistic about how much has to be cut and republicans are not realisti
't deal with the entitlement reform to save the medicare and medicaid and social security from imminent bankruptcy. it raises $1.6 trillion on job creators to destroy the economy. no spending controls. >> reporter: treasuresy secretary tim geithner advocated for clinton era tax rates and wants top earns to pay 39.6%. he said when that was the rate in the '90s there was was good economic growth and strong private investment. said republicans would rather raise revenue closing the loophole and limiting deduction need the time to realize that might not bring in enough cash. >> that is a good set of propose is and good for the economy. if they have suggestions, they want to go further, lay it out to us. >> secretary geithner said he cannot promise we won't go off the fiscal cliff. speaker boehner says he is doing everything he can to avoid the cliff but acknowledged that there is a chance we will in fact go over the edge. >> thank you. >> shannon: now if the country does go over the fiscal cliff marx worry there could be cutback to entitlement programs like social security and medicare and
standardized medicare supplement plans, it helps cover some of what medicare doesn't pay. to find out more, call today. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why millions of people have already enrolled in the only medicare supplement insurance plans endorsed by aarp. don't wait. call now. ♪ i'm glad you came >> not everybody's glad she came. you're loo
the specific programs. do you want to see social security messed with? no. medicare? no. medicaid? no. those are the big three entitlement spending. so the american public on a general basis may be behind the white house on this, but these house republicans care about what their hometown constituents want, because those are the people who just sent them back to congress even though they had these positions leading up to the election too. >> the house speaker is trying very hard right now with the help of his leadership team to hold the line. he is trying to get republicans to hold the line, because some of them are freaking out, and some of them are say, no, no, no, we've got to get out from under this thick, we've got -- this thing, we've got to get the president and the press off our backs, we've got to get away from this, and they're feeling the burn as christmas approaches. boehner's trying to hold the line and say we are the party that doesn't increase taxes. we've got to find a way to get think this, and he won't have as much negotiating power, he knows, if his team starts to get a lit
as an offset to their agreement to raise taxes. the only spending cuts in the plan come from cutting medicare and other programs by 400 billion over the coming decade. timothy geithner also requesting the equivalent of a permanent increase in the national debt limit. president obama remarkably consistent in his intent to raise taxes on the top 2% of taxpayers. half of those are small-business men and women. the entire election season, he did say a number of times since being reelected, and he's not backing off. the president and his baath insist on higher taxes for the so-called wealthy. remarkably, republicans seem surprised by secretary geithner. chief correspondent ed henry with our report. reporter: optimism faded as timothy geithner let the republicans to declare the talks are going nowhere. >> i'm disappointed. i'm disappointed in where we are and what has happened over the last couple of weeks. i'm here trying to seriously resolve it. and i would hope the white house would get to it as well. reporter: a key driver is that the president announced that spending cuts can wait. >> it would
this crisis and sooner rather than later. >> we will not negotiate the end of medicare. i don't know what it is with these republicans. >> it's safer if you're on the progressive end of the political spectrum to go over the fiscal cliff than it is to agree to some of the things they're talking about. >> ruth, where do you stand, deal or no deal? >> not who deal, but who are more pessimistic. the clock is really ticking. about ten legislative days left in the year. outlines are there but the willingness to do it and the ability to get it done in time, i'm more disappointed than i thought i would be at this point. on the other hand, this is the moment of posturing. so it could all come together at the last moment. a christmas present. >> there has been plenty of that. tim geithner, he's going out to talk to these leaders. what does he say, for example, in these meetings with reed and t reid and the other leaders? >> opening line is it's dangerous to get over the cliff so let's get there. my reporters tell me there are contours to a deal. the senate democrats moving a little on entitlements.
billion out of medicare in this initial round. to be named later. they are sort of determined not to fall for that again. megyn: it is exactly what happened to ronald reagan. he agreed to a tax hike for spending cuts or come later. he said that the biggest regret of his presidency is that he got the tax hike and he never got the spending cuts. we will see. there is a lot of pressure on the sides, especially on the gop side. tom bevan, thank you so much you think you. megyn: what do you think? some say it is the opening offer. but it's not. we only have 3.5 weeks ago. it is time to get down to business on capitol hill, who is to blame for the situation we are on on capitol hill? balmy on twitter. back in january 2000 and 1, our national debt stood at $5.7 trillion when president bush took office. it seems paltry now. when he left office, the debt was $10.6 trillion. as of this week, $16.3 trillion. the next debt ceiling limit is only about $100 billion away. that is the number we could reach in the next few weeks. democrats are suggesting that that be dealt with in this difficult negotiati
with you. that's next [ male announcer ] are you considering a new medicare plan? then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the right plan. are you looking for something nice and easy? a medicare advantage plan can give you doctor, hospital and prescription drug coverage all in one plan... for nothing more than what you already pay for part b. you'll also have the flexibility to change doctors from a network of providers dedicated to helping you stay healthy. call now to learn more. unitedhealthcare has the information you need so you'll be better prepared when making medicare decisions. maybe you'd just like help paying for your prescriptions. consider a part d prescription drug plan. it may help reduce the cost of your prescription drugs. remember, open enrollment ends friday, december 7th. call unitedhealthcare to learn about medicare plans that may be right for you. call now. jenna: we have this fox news alert that has something to doith iran and something
mitch mcconnell as well to put medicare and social security on the table to try and the budget crisis we're talking about. mcconnell telling the "wall street journal" that those are the kind of things that would get republicans interested in new revenue. maybe bipartisan. john fund, a columnist for the "national review magazine." good morning. >> good morning. >> jamie: great to have you here this morning. >> thanks. >> jamie: we have less than a month left as we have been talking about went're now in december for the fiscal cliff. what truly is on the table where both democrats and republicans are concerned? do you see anything they agree on? >> we have four weeks to go and so far there is not very much. remember, president obama said in the campaign he favored a balanced approach to getting over the fiscal cliff. balanced normally means about 50/50. 50% spending restraint. 50% revenue enhancement. but the president's proposal is apparently something like 80% tax increases. 20% spending restraint. unspecified. unspecified means it won't ever happen. >> jamie: what do you expect to happe
on medicare to pay doctors. the amt patch protecting middle income americans. $50 billion in stimulus next year and in return, the administration would offer $400 billion in additional medicare and other entitlement savings next year to be spelled out as they negotiate. there would also be an agreed mechanism for allowing a vote on a debt ceiling increase for perpetui perpetuity. republicans not pleased with this. already publicly crying foul. the white house says the president has already signed into law one trillion dollars in tax cut last year. they're willing to compromise more, but rig now, both sides seem more dug in than before. >> a day that was pretty grim on that front. thanks very much and that 1.6 trillion, everyone, surprising republicans and a crucial number especially when contrasted with the 4 billion this entitlement cuts. i want to tell you the republican response as jessica indicated. they didn't want anything to do with geithner's plan. yesterday, john boehner moved the markets higher. it was joyful talk about a possible deal, but today, it was like a break-up over tax.
. additional spending on medicare to pay doctors, protecting middle income americans from a tax hike. $50 billion in stimulus. and in return $400 billion in medicare and other savings next year and an agreed mechanism for allowing a vote on a debt ceiling increase republicans are not at all pleased with this, publicly crying foul. the white house has said that they have signed into law $1 trillion into tax cuts next year and will rg to compromise on more. bottom line, most sides seem more dug in than they did before, erin. >> certainly a day that was pretty grim on that front. thanks very much and that 1.6 trillion, everyone, surprising republicans and a crucial number especially when contrasted with the 4 billion this entitlement cuts. i want to tell you the republican response as jessica indicated. they didn't want anything to do with geithner's plan. yesterday, john boehner moved the markets higher. it was joyful talk about a possible deal, but today, it was like a break-up over tax. he went from love to disgust. here he is right after tim geithner put that deal on the table. >> no pro
about major changes to social security and medicare. you are against it. a new poll shows that 70% are opposed to medicaid spending cuts, 51% oppose raising medicare age. where are you you willing to compromise on entitlements when that part of the conversation is dealt with? >> first of all, social security is not a part of the debt problem. it has its own trust fund. it's well accounted for. it's actuarially sound to 2040 right now. medicare we took care of in the president's bill. in terms of medicaid, there's jostling between the states and the federal government right now, but that's a bigger question that shouldn't be dealt with by the end of the december. that's a bigger question. we've already taken $1.7 trillion in cuts, and the president is put another $800 billion up on the table. i think the democratic side has been very forthcoming in terms the cuts, cuts in a way that will not harm the recovery. zoou for your time. i greatly appreciate you joining us at this point. thank you. both secretary of state hillary clinton and defense secretary leon panetta issued more stern
that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-o-of-pocket medical cost. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit andoctor or hospital that accepts medicare patients... plus, there e no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, ich has over 30 yes of experience behind it. c
medicare in 1996, a huge challenge, with a democrat in the white house, we trained every member of the house caucus to be able to go out and talk about medicare, in an intelligent, effective way. we knew what we were trying to say. the congressional campaign in last year on the mediscare project they beat the democrats in every district where that became an issue. i would start with the national republican congressional campaign approach. then i would grow it dramatically in a more comprehensive effort to communicate to every american of every background. >> sean: i'm feeling better about what the republicans can do. [ laughing ] >> sean: you have done a great job. i tip my hat. stay right there. more with speaker gingrich. what is it like behind the scenes at the fiscal cliff negotiations? bob woodward will take us inside the negotiating room and explain if the president is trying to save the country from a financial plunge. and then, this. >>> we vote for you, you work for us! you stand up until you win. you think it is a joke. >> sean: the victims of hurricane sandy making it
now. $400 billion in unspecified medicare cuts. over the next ten years. and then, permanent authority to increase the debt limit the president wants that authority. they look at that 1.6 trillion in revenue and say it's twice as much you get from raising taxes on the wealthy and much more than democrats would ever accept in the senate. that's why they say this is not serious. >> but let me start with what you said, we're making the threat of default. we propose to take an idea that senator mcconnell proposed in the summer of 2011 and extend that. what that does, it lifts the cloud of default over the economy. the president has increased the debt limit. congress has a chance to express approval of that. it's a very smart way by the senator with impeccable credentials to lift this threat. >> you said that he never intended it to be permanent? >> but, again, it was a good idea then, it's a good idea going forward. it came from him. it wasn't our idea. that makes a lot of sense. what you said that wasn't quite right, what we laid out for them was, a detailed set of reforms in health progr
and medicare programs. that's $600 billion. in fact, the healthcare savings in that plan are larger than the plans we've seen republicans in the past. >> is that what was in the budget? >> these proposals, we proposed these things last fall and in the president's budget. they are very detailed. >> but that was a budget that was voted down 99-0 in the senate. >> this is a lot of politics happen in this town. but this is a very carefully designed set of reforms and if republicans would like to go beyond these reforms or do it differently, they should tell us how they want to do it. >> what if they were to propose the republican budget that they passed, that they passed the last two years? >> there's no risks they are going to do that, chris. >> wouldn't be as serious as you proposing your budget. >> but the american people took a long time to take a careful, long look at that plan, and they found no merit in it so the republicans aren't going to propose that again. >> just like the senate voted 99-0 against your budget. >> the senate has already proposed and enacted a middle class tax exte
: thank you, conor. ♪ [ male announcer ] are you on medicare? do you have the coverage you need? open enrollment ends friday, december 7th. so don't wait. now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions. call today to learn about the kinds of coverage we offer, including aarp medicarecomplete plans insured through unitedhealthcare. these medicare advantage plans can combine parts a and b, your hospital and doctor coverage... with part d prescription drug coverage, and extra benefits... all in one complete plan... for a $0 monthly premium. no more than what you already pay for medicare part b. unitedhealthcare doesn't stop there. we'll cover 100% of your preventive services... like an annual physical and immunizations... and you'll have the flexibility to change doctors within one of the nation's largest networks, dedicated to helping you live a healthier life. other benefits can include vision and hearing coverage -- and the pharmacy saver program gives you access to prescriptions as low as $2... at thousands of pharmacies across
savings in medicare. so, this is stalemate right now. now, these things always look horrible before they come together. more and more voices say, this is going to go over the fiscal cliff at least for a few days in january. >> and democrats seem to be thinking that, if we go over the fiscal cliff, voters will likely blame the republicans for that. do you think that's true? or are democrats overplaying their hands? >> all of the polls show that right now. no one know was the consequences will really be if we go over that fiscal cliff. we know that the tax hikes go up. some estimates -- ben bernanke, the fed chairman, fears that it will throw the country into a recession. that would hurt the whole country, of course president obama as well. they have to be careful here as well. but democrats and the president clearly believe that they have the leverage to force an increase in these tax rates on the upper income americans before they agree to a deal. >> we'll all be watching the stock market as well. if that indeed happen. >>> the president is also concentrating on recasting his new ca
yesterday. $1.6 trillion in tax cuts. $400 billion in cuts to medicare and other entitlement programs. $50 billion additional in stimulus spending. no real structural reform to entitlement programs. no spending cuts. instead, stimulus spending. obviously, the president knew that this would be an unacceptable first offer. so what is the end game here? where is the president's bottom line? >> listen, this is a negotiation. it isn't about the president's bottom line or my bottom line or yours. it's a negotiation. and the sad part is, that the administration, the president, has laid down an offer. there's several things in there we know the republicans like, and yet they refuse to lay down an offer. all they do is come out, and mitch mcconnell laughs, and boehner says it's terrible. there's a fiscal cliff, and this offer isn't good. show me the money, folks. you have the power. you're bragging about the fact that you kept the house. good. show us your offer. put down your offer. now, here's my view on this. and it is the same as the president's in this respect. rough the biggest aspects of the
in new taxes, $400 billion in savings from medicare and other entitlement programs, $50 billion in new stimulus spending, and an additional $285 billion to fund depreciation and mortgage programs, unemployment insurance benefits, and payroll tax cuts. >> this extra spending, that's actually greater than the amount they're willing to cut. i mean, it's -- it was not a serious proposal. >> while his aides were on capitol hill offering up the opening bid, the president was making his case in pennsylvania campaign style. >> at the end of the day a clear majority of americans, democrats, republicans, independents, they agreed with a balanced approach. deficit reduction. >> after the president's remarks, i spoke with his main man on the fiscal cliff, treasury secretary tim geithner. >> let me ask you, the reaction to your going up on the hill and saying this is basically the white house position has been -- mitch mcconnell saying i think it was just demeaning for them to ask the treasury secretary to come up here and give a proposal like this and by this we have people saying it's a sham, it'
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] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. >>> on election day, the american people made a statement. they want cooperation. they want a government that works. the message was resoundingly clear but speaker boehner didn't hear it. for the second time in as many years, he's stomping his feet, threatening to hold the economy hostage if he doesn't get what he wants in the tax fight. >> as i told the president a couple of of weeks ago, there are a lot of things i've wanted in my life but almost all of them have had a price tag attached to them. and if we're going to talk about the debt limit in this, be there's going to be some price tag associated with it. >> is he kidding? note to speaker boehn
nt ends dember 7th. so now's the time. visit or call 1-800-medicare. >> i'm chris wallace. it's 30 days and counting until we go over the fiscal cliff. >> the president is demanding higher tax rates. congressional republicans want deeper spending cuts and entitlement reform. will they make a deal before we bring in the new year with a round of tax increases for all of us? we will ask the two men at the center of the negotiations where we really stand. for the president, treasury secretary timothy geithner. for the gop house speaker john boehner. geithner and boehner only on fox news sunday. plus, we've seen this movie before. the two parties edging closer and closer to the brink. we will ask our sunday panel whether we will get a happy ending or an economic disaster. and our power player of the week. a young beauty queen has to make a tough choice. all right now on fox news sunday. >> hello again from fox news in washington. well, we had quite a day around here friday with talks to avoid the fiscal cliff deadlock, and everyone saying the other side is to blame, pressure se
of this plan along with the $600 billion in saving including medicare that suggested in the $200 billion in additional spending, what part of this plan is a balanced or bipartisan approach? >> i bet john boehner things the grand bargain was good deal last year. the chicken question is john boehner having to blink. president was able to get $1.6 trillion because it's coming from the increase on wealthy americans. we don't want 98% of americans tax rates to go up in the name of saving tax rates for the wealthy. so that is going to increase on wealthy americans, 60% of americans overwhelmingly support. the president won this election fair and square. american voters are clear on the mandate and support an increase in tax rates to balance this budget. >> that is not true. for the bush tax cuts to expire and top 2 percent even most generous estimate that is $90 billion more in revenue. not $1.6 trillion more in revenue even over ten years. even if you accept that larger number, the deficit is $1.5 trillion so, even if the republicans raise the you are giving $90 billion. where are you going t
for medicare beneficiaries. >> schieffer: why did you choose to basically say "we're going to stop letting congress have the ability to raise the debt ceiling." >> we are not prepared to let the threat of default on america's credit, the savings of americans, the investments of americans be held00 to the political agenda of a group of people in congress over time. as you saw last august, that was very damaging to the american people. it's not the responsible way it govern. >> schieffer: are you betting eventually the republicans will cave on the taxes? >> there's no-- there's no path to an agreement that does not involve republicans acknowledging that rates have to go up for the wealthiest americans. >> schieffer: you're saying you can't do it just by eliminating deductions and other-- >> very good question. you know, we've taken a careful look at this, and we think we should limit deduction but if you look carefully at how to do this, there is no way to raise a meaningful amount of revenue, relative to the sights of our fiscal challenges, by just limiting deductions for wealthy americans.
on a larger deal to come later as far as taxes are concerned and medicare is concerned. >> let's allow higher rates to go up for the top two percent, that includes all of you, yes. but not in anyway that's going to affect your spending, your lifestyles or the economy in any significant way. let's make sure that 98% of americans don't see a single dime in tax increases next year. 97% of small businesses don't see an increase in taxes next year. and by doing that alone, we raise almost a trillion dollars. >> let's bring in our chief political analyst right now, the president also had a specific warning for members of congress, the republicans on the issue of raising the debt ceiling. listen to this. >> if congress in anyway suggests they're going to tie negotiations to debt ceiling votes, and take us to the brink of default once again as part of a budget negotiation, which by the way we have never done in our history until we did it last year, i will not play that game. because we've got to break that habit before it starts. >> easy to say, i will not play that game, but if the republican major
relief, deferral, of automatic cuts for doctors and medicare. here are the spending cuts. unspecified savings from nonentitlement programs, next year. let me finish -- and, the promise of $400 billion in savings, from entitlement programs to be worked out next year with no guarantees. speaker boehner says, even if you get all of this, it is a net increase in spending, not a net cut. >> not true and let me explain why. those investments in infrastructure, extension of unemployment benefits are important and good things, and we propose how to pay for them and, in contrast to what you said, we propose $600 billion in reforms to mandatory programs, over ten years and are prepared to do a substantial portion of those up front in ways that are measurable to replace the much more damaging sequestering and when republicans say to us we want to see spending savings locked in up front we say we agree with you. you have to give us a sense of what we should do up front and the second stage and we are waiting to hear from them and if they need more time to figure out what they want to do, that is
's raising the medicare entry age, something to do in terms of about thor reimbursement payments, something in that realm he can physically take and say i got this in exchange for that, that would make it easier sell for his conference. he's going to lose the hardliners no matter what, especially the folks who lost. they're more than happy to go all-in on opposing it. >> would a batch of white house christmas cookies do the trick? >> probably not. a nice bottle of merlot would do the trick for the speaker. >> luke russert thank you my friend, as always. catch one of the key voices behind the fiscal cliff negotiations here on "now" tomorrow when americans for tax reform president grover norquist joins us tomorrow at noon eastern. and after the break, entitlement reform hot potato. that's next on "now." music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may co
$400 billion in cuts to medicare and other entitlements to be worked out. now, that is a starting position. you know, that sort of is the white house basically calling republicans bluff, if you will, saying, look, you guys haven't come out with your own proposal. we're going to start high, come on the with what we want. now show us what you got. the republicans hate it. they're saying it's ridiculous. it's an overreach by the white house, so they're sort of in the standoff, and it's all in republican estcourt to see what they counter with. >> it's interesting now because before everything was behind closed doors. this is all playing out publicly. you have the president there in pennsylvania. he is talking to real people. he is at a toy manufacturing place. then you have the republicans taking to the floor criticizing the plan. i want you to hear. this is very direct and very straight here from congressman ted coe of texas. >> this tax hike will hurt small businesses that provide 67% of the jobs in this country. that may fund the government for a short time. then what's the plan? s
billion in cuts to medicare and other entitlements. $50 billion for a new stimulus and congress would have to give up control over raising the debt limit. republicans have indicated that they want to raise revenue by lowering tax deductions, haven't given any specifics yet. brings us right to white house correspondent brianna keilar. good morning, brianna. >> good morning to you, soledad. yes, things are at an impasse here. i will tell you the white house after not being very happy with the pace of negotiations the week before last sent treasury secretary tim geithner up to the hill to outline this proposal. there's a lot we already knew about that president obama had already taken a public position on. the white house is now saying to republicans as well, we want you to put the meat on the bones when it comes to the entitlement reform portion of this deficit reduction plan. that's politically very tricky, as you know, because a lot of times dealing with entitlements will be construed as cuts to medicare and that's often not very popular. as you can imagine that deal that you just outlined
, more people are out of work. it means that we do not have money to pay for basic benefits like medicare and social security. it is important to talk about deductions and tax policy in terms of tax reform. john boehner opened the door for that. president obama has indicated no intention of looking at that. host: what deductions would you put on the table? guest: tax reform is not to raise revenue. is to make the tax code less of a drag on the economy. we do that by lowering tax rates and getting rid of some deductions, exemptions, credits. but we do not do it to raise revenue. host: chuck marra, how important our deductions? guest: they are very important. if you get into this notion that they are loopholes, then you look at the very popular deductions the people rely on. they're trying to balance the economic weakness with the long-term needs of the economy, which is that we do face a future of deficits that are unsustainable. we are trying to stabilize the debt has a share of our economy over time. that means about $4 trillion in savings. the good news is, last year, the congress and t
. [ male announcer ] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. >> bret: egypt's president is trying to diffuse an increasingly tense political situation over last week's perceived power grab. he addressed his people a short time ago. correspondent steve harrigan is live in cairo where it's early friday morning. hello again, steve. >> egypt constitutional assembly trying to push through a constitution in one day. what is not clear at this point is whether the new constitution will calm down the street protests or inflame them further. a few key elements gleaning from the document, slight limit on presidential power, limiting the president for two terms of office of four years each. so, no ri
't be sound and solvent for future generations. for example, medicare's hospital services program is in serious financial trouble. in a report this spring, the medicare trustees cautioned that the trust fund that covers the program's hospital services will be depleted and consequently insolvent by 2024. the fact is, we can accomplish entitlement reform in a way that doesn't change programs for people at or near retirement yet ensures that those programs will be there for our children and grandchildren down the road when they need them. republicans and democrats should be able to come together, as should older and younger americans, because thoughtful entitlement reform is in everybody's interest. and, finally, we need to control our spending. our federal deficit for the fiscal year 2012 was $1.1 trillion, and our national debt is now more than $16 trillion. that is unsustainable. more revenues from tax reform and economic growth combined with entitlement reform and controlling spending will reduce our deficit and our debt, and there is no question that we can do it. for example, w
. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit or call 1-800-medicare. so now's the time. living with moderate to semeans living with it could also mean living with joint damage. help relieve the pain and stop the damage with humira, adalimumab. for many adults with moderate to severe ra, humira is clinically proven to help relieve pain and stop joint damage. so you can treat more than just the pain. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer, have happened. blood, liver and nervous system problems, serious allergic reactions, and new or worsening heart failure have occurred. before starting humira, your doctor should test you for tb. ask your doctor if you live in or have been to a region wh
, which everybody knows we've got to do if we're going to keep medicare going. i don't think anybody in this body doesn't know that within ten years it will be broke unless we make the appropriate structural reforms now. the president continues to call for a balanced approach to deficit reduction, but in practice he's offering up all tax increases and no spending discipline. he has offered up nothing meaningful on entitlement reform. the proposal put forward last week by secretary geithner was embarrassing. i happen to like secretary geithner. i stood up for him under some trying circumstances on the finance committee before he was approved by the senate. and i did it because i believe he's a hard worker. i believe he's an intelligent man. and i personally like him. but my gosh, if i was the treasury secretary and the president gave me that plan to go up and show it to the leader of the house, the speaker of the house, i would have said, no, mr. president, you can't do this. this is an insult. if the president said you've got to do this for me, i would say, i think it's better for me
me drill down one more time on medicare and medicaid. what specific changes to save money or slow the growth of spending in medicare could you endorse right now? would it be raising the age for full eligibility? would it be increasing co-pays? would it be doing something about the end of life expenditures which now consume 25% of medicare's expenditures, go to the 5% of individuals who are in their last year of life. >> the latter part of what you just said is something that we should be looking at. remember, we were scared off the subject two years ago, tyler, looking at the end of life expenses. and that turned into panels that were going to decide who lives and dies which was totally ridiculous. there's nothing in the health care act which even comes close to that. but that is an area i would accept. i do not accept -- if we had to vote tomorrow, i would not vote raising the age. >> why not? americans' life expectancies are so much longer than they were in 1965 when medicare was begun. >> because then you create another problem. you create a problem for those people who are you
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